Don Miller 2.

Did you forget all those lessons from 2000 years ago? He is Jesus Christ Superstar!


Quote from larrybf:

hey don miller , super duper all star douchebag.............how about joining the forum under your real name to answer your critics???????????????
 
Quote from larrybf:

hey don miller

Hey sweetheart, don't be an asshole! I know, you are an internet toughguy, but:

1. Don doesn't own you anything.
2. You should behave yourself in my thread, morons like you give a bad name to intelligent discussions.
3. Don didn't force anyone to sign up for his course. And businesswise it was a smart decission for him to switch to teaching. :)

Now if you don't mind, on Ignore....
 
Quote from Pekelo:

I decided to check my theory and here is what I have found.

Don wrote in the blog that he made it up to 700K (the starting of 2008) from 200K in a few years. Assuming that "a few years" means 4 years, that is 38% annual returns, compounded. So the 216% for 2008 is definitely an outlier. Even if he did 80% annually and took half of the profits each year, 2008 still would be an outlier.

Now this year's performance was dropping as he entered the spring-summer period: (these are net profits)

Jan: 98K
Feb: 74K
Mar: 174K
Apr: 43K
May: 30K
June: ~15K (read from the quarterly chart)
July: ~20K (refered to as slightly better than June)

Interesting to note that as the returns got smaller, Don stopped posting the stats, and I had to use vogue references to the performance. Also, as the Jelly effort got underway, all reference disappeared, thus no indication of how he did in the last 3 months.

About the trading style, he mentioned that he had 9 "brain cramps" in the last 60 months, meaning sizable losses. The 2 that he gave dates for were huge trend days, so about twice a year his style makes a huge loss, when I guess averaging against the trend doesn't work...

So I guess this explains it. Back in January he wrote that he didn't have plans for teaching but as the returns diminished, the extra money from teaching sure looked better and better.

Returns from teaching the Jellies: (not counting the webinars and DVD sales)

Aug: 150K (20 x 7.5K)
Sept: 150K

P.S.: I am not against teaching trading, but the value of the knowledge learnt and the price of the course need to be in harmony.
numbers say it all....i guess he is headed for a million again this year one way or other
 
Quote from pokito:

numbers say it all....i guess he is headed for a million again this year one way or other

That was Don's main goal. To repeat last year and make another Million. I guess he had to do it the "jellie" way in order to make his goal.
 
Quote from Pekelo:

Hey sweetheart, don't be an asshole! I know, you are an internet toughguy, but:

1. Don doesn't own you anything.
2. You should behave yourself in my thread, morons like you give a bad name to intelligent discussions.
3. Don didn't force anyone to sign up for his course. And businesswise it was a smart decission for him to switch to teaching. :)

Now if you don't mind, on Ignore....


Looks like DM has multiple personalities!!

:D
 
Looks like Don is trying to direct traffic from his blog to some lame ass site that charges an arm and your first born for trading calls.

Just a hunch but Don is most likely getting a kick back for any new customers.

God this guy is so sales.. :p

What happened to the non commercializing of the blog, LOL!
 
I was apart of the first Jellies and have lost all my money. Don lacks integrity and is all about making money. He is so different than most of you guys who post on this forum. I wish I had listened to you guys before joining the Jellies. You must be great traders and honest people who are making a killing in the market but aren't trying to rip off stupid people like me. You guys ought to listen to his latest Interview with Matt Davio and you can tell what a scum bag he really is.

With all the money he is making from dumb people like me he should feel embarrased at the least. Michael Moore is so right on with his new movie concerning Capitalism a love story. We have got to change this country and move to a more socialistic society.

Thank you all for your great post--I should have listened.

Bob
 
Quote from bobfrank:


Thank you all for your great post--I should have listened.

Bob

IF you were part of the first jellie group then you know this thread was started after the first jellie group had it's expensive introduction to Don Miller.
 
Bob, really. Your 2nd attempt at sarcasm is fully noted, but please, contribute something valuable to the thread.

At this point I think we are interested in 2 things:

1. Don's performance in the last 3 months. He publicly shared the previous 19 months' results, so I don't see why he should stop, before the year is over. (and I actually hope he makes his goal) Specially, because he DEMANDED full disclosure in his blog from those who teach.
I am also curious if/how active teaching effected his trading? So what is his reason for not posting his results anymore, after all he does teach?

2. The Jellies' performance, because that is what this thread about. If a successful trader is able to successfully teach or not.
Since you are supposed to be one of the Jellies, you should be able to enlighten us. So far you aren't helping... By now you should have 2 months of trading on your own after the course. So how is it going?

Quote from bobfrank:

With all the money he is making from dumb people like me he should feel embarrased at the least.

Why? I took piano lessons when I was a kid, but I never became a pro piano player. I don't think my teacher should be embarrased about it....
 
After reading the first three pages I already discovered his trading style is not for the newbies under us and will most likely not make more than 10% of the jellies a profitable trader.

-He lost $94k on one day, when he averages 6k profit a day.
Terrible risk/reward ratio and a blow-up waiting to happen for the jellies, who most likely are undercapitalized compared to the don.

-Don scalps and makes $6k with 3000 roundturns. Thats $2 a roundturn and will mean a $3000 loss for the jellies if they copy his scalping due to a normal rounturn being $5 and not $1

-he scalps, but doesn't uses stops, but averages in. This is a so-so trading method that a guy named jreality will agree with me, because this other guru is also using this strategy, making $250 on a winning day and losing $20k on another day, while his subscribers like Jreality were losing money.

-talks about "discounted" price. SNAKE OIL salesmen alert!

:p

Question is, he must have known this his strategy doesn't work for all the jellies. Yet he still asks for $7500 a piece. Is this immoral or just good salesmenship.

You can say the same about brokers, every broker out there must have stats of how many traders fail or succeed. The rate is probably 95%+ fail rate, maybe even 99%+ fail rate. But no single broker publishes that stat. Is that immoral or just good business sense.

I think those jellies wanted to be scammed. They are living in a dream about becoming rich. They rather get scammed and stay in the dream for another year, than wake up and realize becoming a profitable trader means you have to do everything yourself.
 
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